Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Definitive Healthcare Corp (DH)

112 + Investors. Track Smart Money conviction in DH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — DH

Based on 113 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their DH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 80% of 3.0Y peak

80% of all-time peak
113 funds currently hold this stock — 80% of the 3.0-year high of 141 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 16% fewer funds vs a year ago

fund count last 6Q
21 fewer hedge funds hold DH compared to a year ago (-16% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

61 buying61 selling
Last quarter: 61 funds bought or added vs 61 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~22 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 21 → 24 → 24 → 22. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

47% of holders stayed for 2+ years

■ 47% conviction (2yr+) ■ 31% medium ■ 22% new
53 out of 113 hedge funds have held DH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -4%, value -59%

Value
-59%
Shares
-3%
Last quarter: funds added -4% more shares while total portfolio value only changed -59%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~22 new funds/quarter

31 → 21 → 24 → 24 → 22 new funds/Q
New funds entering each quarter: 21 → 24 → 24 → 22. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 58% veterans vs 27% newcomers

■ 58% veterans ■ 14% 1-2yr ■ 27% new
Entry-cohort mix of 113 holders: 66 (58%) are 2+ year veterans, 16 entered 1–2 years ago, and 31 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 19% AUM from top-100

19% from top-100 AUM funds
32 of 113 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.6
out of 10
Low Exit Risk
Exit risk score 2.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — DH

In 2026 Q1, 61 hedge funds were net buyers of DH (22 opened a new position, 39 added to an existing one), while 61 reduced or exited (33 trimmed, 28 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. Net fund flow last quarter: -6 funds (more exits than new entries). Total institutional holders: 113.

Hedge Fund Ownership: DH

How many hedge funds hold DH — quarterly history vs. share price
Quarterly hedge fund ownership of DH vs. share price

Market Analysis: DH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: DH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Definitive Healthcare Corp (DH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much DH has moved relative to its sector benchmark (XLV) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
DH
nan%
XLV
+2.1%

DH outperformed XLV by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
DH
nan%
XLV
+3.2%

Since the filing became public, DH outperformed XLV by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: DH
112 + Investors

Track Smart Money conviction in DH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 112 119 -5.88%
13F Shares 87M 90M -3.94%
Total Value $107M $261M -59.26%
New Positions 21 24 -3
Increased Positions 39 29 +10
Closed Positions 28 29 -1
Reduced Positions 33 51 -18
Total Calls 0 1 -100.0%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: DH

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Income Statement & Cash Flow
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Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

112 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in DH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 DH holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Advent International, L.P. 1.81% 62,493,676 $76.9M
2 Clark Estates Inc/Ny 0.07% 239,630 $295K
3 Flywheel Private Wealth LLC 0.05% 67,743 $83K
4 Inspire Investing, LLC 0.05% 468,181 $576K
5 Williams & Novak, LLC 0.03% 30,730 $33K
6 Pinnacle Wealth Management Advisory Group, LLC 0.02% 260,000 $320K
7 Baker Tilly Wealth Management, LLC 0.02% 60,080 $74K
8 Cambria Investment Management, L.P. 0.01% 117,196 $144K
9 NINE MASTS CAPITAL Ltd 0.00% 27,241 $34K
10 Irenic Capital Management LP 0.00% 58,088 $71K
11 Pinnacle Associates Ltd 0.00% 260,000 $320K
12 Abel Hall, LLC 0.00% 14,621 $18K
13 Tocqueville Asset Management L.P. 0.00% 165,000 $203K
14 Hillsdale Investment Management Inc. 0.00% 75,300 $93K
15 Hennion & Walsh Asset Management, Inc. 0.00% 43,455 $53K
16 D. E. Shaw & Co., Inc. 0.00% 2,099,551 $2.6M
17 Jacobs Levy Equity Management, Inc 0.00% 299,473 $368K
18 Valeo Financial Advisors, LLC 0.00% 51,582 $63K
19 Occudo Quantitative Strategies LP 0.00% 23,716 $23K
20 Bridgeway Capital Management, LLC 0.00% 44,200 $54K
21 Renaissance Technologies LLC 0.00% 511,140 $629K
22 Goldman Sachs Group Inc 0.00% 6,043,900 $7.4M
23 Two Sigma Advisers, LP 0.00% 142,400 $409K
24 Engineers Gate Manager LP 0.00% 36,963 $45K
25 Panagora Asset Management Inc 0.00% 114,580 $141K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Definitive Healthcare Corp (DH)

What does the Smart Money Trend signal show for DH?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their DH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for DH?

Slight buying edge — 50% buying: Last quarter: 61 funds bought or added vs 61 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for DH holders?

Smaller funds dominant — 19% AUM from top-100: 32 of 113 holders rank in the top 100 by AUM, but together hold only 19% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held DH?

47% of holders stayed for 2+ years: 53 out of 113 hedge funds have held DH for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Definitive Healthcare Corp (DH) following the 2026 Q1 hedge fund 13F filings?

As of today, DH has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.2% for the XLV sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), DH has gained nan% vs +2.1% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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